Congress Attacks Bank's Decision as 'Mercenary'
23 Mar 2005
In the course of an address to the Association of Garda Sergeants and Inspectors annual conference today (March 23), the General Secretary of Congress, Mr David Begg, launched a strong attack on Bank of Ireland for its decision to cut 2,100 jobs.
Mr Begg said:
"I cannot allow the occasion to pass without making some reference to the announcement of 2,100 redundancies by Bank of Ireland. This would be regrettable in circumstances of business downturn but where the bank is making €1.3 billion profit per annum it is inexcusable. This decision is reflective of a mindset that places shareholder interests above all other stakeholders - staff, customers, small business, and communities. Quite honestly decisions like this, which are so mercenary, makes any discussion of the common good of society seem futile."
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